(5.2.4) An investor deposits 50 in an investment account on January 1. The fol- lowing summarizes the activity in the account during the year: Value Immediately Before Deposit Date Deposit March 15 40 20 June 1 80 80 October 1 175 75 On Jaune 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time-weighted method, the equivalent effective annual yield during the first 6 months is euqal to the (time-weighted) effective annual yield during the entire 1-year period. Calculate X.

(5.2.4) An investor deposits 50 in an investment account on January 1. The fol- lowing summarizes the activity in the account during the year: Value Immediately Before Deposit Date Deposit March 15 40 20 June 1 80 80 October 1 175 75 On Jaune 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time-weighted method, the equivalent effective annual yield during the first 6 months is euqal to the (time-weighted) effective annual yield during the entire 1-year period. Calculate X.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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